Naomi enters into a written agreement granting Ayumi the right to occupy the property for a fixed term of three years, with the ability to exclude all others, including Naomi, subject to limited rights of entry. How should Ayumi’s interest be characterised at law?

Question

Answer

A contractual licence to occupy land enforceable only against Naomi

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An equitable interest contingent upon registration of the agreement

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A personal right of occupation dependent on Naomi’s continued ownership

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A leasehold estate conferring a present proprietary right to exclusive possession.

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Naomi enters into a written agreement granting Ayumi the right to occupy the pro...

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